Since last Friday the U.S. dollar has traded under pressure losing value on Friday, Monday, and Tuesday. During the same period gold has been trading under mild selling pressure holding on to a price point just above $1700 per ounce. Recently the dollar hit a high just above 109 on Thursday, July 14 before …
Take away the support from dollar weakness and gold would have moved much lower Read More »
Dow Jones futures fell modestly early Thursday, along with S&P 500 futures and Nasdaq futures, with some important jobs and inflation data due before the market open. X The stock market rally searched for direction Wednesday. The major indexes closed narrowly mixed. But the details showed further weakness, with losers easily trumping winners. With the …
Inflation, Jobs Data Due As Rally Shows More Weakness Read More »
‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a real-estate crash The U.S. housing sector is losing steam amid rising rates, which is spooking some would-be home buyers, according to various reports. The housing sector’s been red-hot for months …
